"They (small business owners) also don't typically understand these risks. This makes them very susceptible to attacks," says Holly Burton, technology leader at Insureon. "Most know what cyber liability is in general, but very few understand the complexity of coverages or associated risks." (Credit: valerybrozhinsky/Adobe Stock)
The number of data compromises increased 68% year-on-year during 2021, reaching a new record, according to a report from The Identity Theft Resource Center (ITRC). The number of incidents during the past year was 23% above the previous all-time high, which was set in 2017.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
